TD’s Masrani hopes to tell shareholders more on anti-money laundering probe soon [Investment Executive - News]
First Horizon Corporation (FHN)
Last first horizon corporation earnings: 4/21 06:30 am
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Source: Investment Executive - News
Masrani made the remarks as he faced shareholders Thursday at the bank’s annual general meeting, the first since its US$13.4-billion takeover of First Horizon bank fell apart and the bank disclosed that it expects to face penalties from an investigation from U.S. regulators related to its anti-money-laundering program. “Regretfully, our program was not where it needed to be,” said Masrani. “We know where our issues are, we are working to fix them.” He said that he understands shareholders want to know more about the investigation, which includes the U.S. Department of Justice, but that given confidentiality requirements he can’t provide more detail or speculate on the timing of updates. “I’m hoping that in the near term, I will be able to, and I’d be really thrilled that at that time, you know, I could provide more detail,” said Masrani. “But in the meantime, I would ask you to be patient.” TD called off the First Horizon deal in May last year, citing timing uncertainty, while in
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FHN
News
- First Horizon Co. (NYSE: FHN) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- TD Takes $450 Million Provision in US Money-Laundering Probe [Yahoo! Finance Canada]Yahoo! Finance Canada
- TD Takes $450 Million Provision in US Money-Laundering Probe [BNN Bloomberg (Canada)]BNN Bloomberg
- First Horizon (NYSE:FHN) Has Affirmed Its Dividend Of $0.15 [Yahoo! Finance]Yahoo! Finance
- First Horizon Declares Cash Dividends on Common and Preferred StockPR Newswire
FHN
Earnings
- 4/17/24 - Beat
FHN
Sec Filings
- 5/1/24 - Form 25-NSE
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- FHN's page on the SEC website